OC Open Charter App Municipal bonds, direct
Primary market

Buy a taxable Virginia tobacco settlement bond through a Dutch auction.

Auction closes 3d 00:00:00 Retail allocation 42% Network USDC + ACH

Tobacco Settlement Financing Corporation Virginia 2046

AAA

Taxable senior municipal bond paid by guaranteed, court-protected income from tobacco court settlements.

CUSIP
88880NAT6
Coupon APR ?
6.706%
Maturity
Jun 1, 2046
Tax status
Taxable
Recent trade yield
9.423%
Min order
$25

Dutch auction launchpad

Price decays over time, then jumps when demand clears supply at the current level.

Live
Current price $75.75 per $100 face value
Implied APR ? 9.45% at current price
Avg clearing price ? $100.08 estimated
Sold 44% $37.4M of $85M
Price decay curve Hover for price and APR

Auction book

Demand above current price
$18.6M
Retail buyers
1,284
Weighted avg bid
$100.19
Projected monthly income per $10k
$39.58

Investor feed

    Secondary market

    Buy and sell fractional pieces of existing bonds.

    Listings 0 Best implied APR 0% Avg discount 0%
    Action
    Portfolio

    Track cash, income, tax yield, and bond exposure.

    Buying power $12,840 Monthly income $391 Expected APR 5.82%

    Add funds

    ACH

    ACH deposits are estimated to settle in 2 business days.

    Portfolio value

    Includes cash, accrued interest, and current secondary market marks.

    $82,410
    +0.18% +$148 today
    Marked portfolio value Hover chart for date and value

    Income forecast

    Next coupon
    Jul 15
    Accrued interest ?
    $118.42
    Tax-equivalent yield ?
    7.64%
    Avg duration ?
    6.8 yrs

    Held bonds

    Fractional enabled
    Bond CUSIP State Rating Face held Price Market value Coupon Yield Maturity Duration Monthly income

    Portfolio tools

    • Issuer concentration: largest issuer is 25% of portfolio.
    • State exposure: VA 37%, NY 18%, TX 15%, diversified 30%.
    • Call risk: 29% callable within 7 years.
    • Liquidity score: 8.1/10 based on recent secondary depth.
    • Scenario view: +1% rates implies about -4.8% mark-to-market change.